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Global AC VFD Top Drive System Market Research Report 2025

Global AC VFD Top Drive System Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1736533

No of Pages : 99

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Synopsis
The top drive drilling system is a new type of drilling technology emerging in the 1980s. It is a major breakthrough in rotary drilling technology and is a new type of oil drilling device used to replace the top drive device of the rotary table. Because it significantly improves the ability and efficiency of drilling operations, it is known as one of the three major technical achievements of modern drilling equipment. It has been highly valued by oil companies around the world and has become a representative of advanced oil drilling equipment. The top drive drilling system has been widely promoted and applied on various offshore and onshore drilling rigs, and the technology has developed rapidly. Based on the AC-SCR-DC electric drive, the top drive drilling unit has developed a more advanced AC variable frequency electric drive top drive. AC frequency conversion top drive drilling device is usually composed of body, electrical drive and control system, adopts AC frequency conversion drive mode, it directly rotates the drill pipe from the upper space of the derrick, sends it down along the special guide rail, and completes various drilling operations. AC variable frequency electric top drive is mainly used on large onshore drilling rigs or offshore drilling rigs.

Global AC VFD Top Drive System market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole AC VFD Top Drive System market research.

The top drive system market demand is closely related to upstream oil extraction. It is expected that the increase in global oil and gas exploration and drilling activities, unconventional oil field development and directional drilling will contribute to the growth of the top drive system market in the next few years.

Report Scope

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global AC VFD Top Drive System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.

By Company

  • Ganergy Heavy Industry
  • ZPEC
  • Beijing BOMCO Offshore Engineering Technology
  • NOV
  • Bentec
  • SLB
  • Drillmec
  • TPEC
  • Nabors Industries
  • AXON Energy Services

Segment by Type

  • Nominal Drilling Depth: below 5000m
  • Nominal Drilling Depth: 5000m-10000m
  • Nominal Drilling Depth: above 10000m

Segment by Application

  • Onshore Drilling
  • Offshore Drilling

Production by Region

  • North America
  • Europe
  • China
  • Japan

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil,Turkey, GCC Countries)

The AC VFD Top Drive System report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source

Index

List of Tables
Table 1. Global AC VFD Top Drive System Market Value by Type, (US$ Million) & (2022 VS 2029)
Table 2. Global AC VFD Top Drive System Market Value by Application, (US$ Million) & (2022 VS 2029)
Table 3. Global AC VFD Top Drive System Production Capacity (Units) by Manufacturers in 2022
Table 4. Global AC VFD Top Drive System Production by Manufacturers (2018-2023) & (Units)
Table 5. Global AC VFD Top Drive System Production Market Share by Manufacturers (2018-2023)
Table 6. Global AC VFD Top Drive System Production Value by Manufacturers (2018-2023) & (US$ Million)
Table 7. Global AC VFD Top Drive System Production Value Share by Manufacturers (2018-2023)
Table 8. Global AC VFD Top Drive System Industry Ranking 2021 VS 2022 VS 2023
Table 9. Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in AC VFD Top Drive System as of 2022)
Table 10. Global Market AC VFD Top Drive System Average Price by Manufacturers (K US$/Unit) & (2018-2023)
Table 11. Manufacturers AC VFD Top Drive System Production Sites and Area Served
Table 12. Manufacturers AC VFD Top Drive System Product Types
Table 13. Global AC VFD Top Drive System Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 14. Mergers & Acquisitions, Expansion
Table 15. Global AC VFD Top Drive System Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)
Table 16. Global AC VFD Top Drive System Production Value (US$ Million) by Region (2018-2023)
Table 17. Global AC VFD Top Drive System Production Value Market Share by Region (2018-2023)
Table 18. Global AC VFD Top Drive System Production Value (US$ Million) Forecast by Region (2024-2029)
Table 19. Global AC VFD Top Drive System Production Value Market Share Forecast by Region (2024-2029)
Table 20. Global AC VFD Top Drive System Production Comparison by Region: 2018 VS 2022 VS 2029 (Units)
Table 21. Global AC VFD Top Drive System Production (Units) by Region (2018-2023)
Table 22. Global AC VFD Top Drive System Production Market Share by Region (2018-2023)
Table 23. Global AC VFD Top Drive System Production (Units) Forecast by Region (2024-2029)
Table 24. Global AC VFD Top Drive System Production Market Share Forecast by Region (2024-2029)
Table 25. Global AC VFD Top Drive System Market Average Price (K US$/Unit) by Region (2018-2023)
Table 26. Global AC VFD Top Drive System Market Average Price (K US$/Unit) by Region (2024-2029)
Table 27. Global AC VFD Top Drive System Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (Units)
Table 28. Global AC VFD Top Drive System Consumption by Region (2018-2023) & (Units)
Table 29. Global AC VFD Top Drive System Consumption Market Share by Region (2018-2023)
Table 30. Global AC VFD Top Drive System Forecasted Consumption by Region (2024-2029) & (Units)
Table 31. Global AC VFD Top Drive System Forecasted Consumption Market Share by Region (2018-2023)
Table 32. North America AC VFD Top Drive System Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (Units)
Table 33. North America AC VFD Top Drive System Consumption by Country (2018-2023) & (Units)
Table 34. North America AC VFD Top Drive System Consumption by Country (2024-2029) & (Units)
Table 35. Europe AC VFD Top Drive System Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (Units)
Table 36. Europe AC VFD Top Drive System Consumption by Country (2018-2023) & (Units)
Table 37. Europe AC VFD Top Drive System Consumption by Country (2024-2029) & (Units)
Table 38. Asia Pacific AC VFD Top Drive System Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (Units)
Table 39. Asia Pacific AC VFD Top Drive System Consumption by Region (2018-2023) & (Units)
Table 40. Asia Pacific AC VFD Top Drive System Consumption by Region (2024-2029) & (Units)
Table 41. Latin America, Middle East & Africa AC VFD Top Drive System Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (Units)
Table 42. Latin America, Middle East & Africa AC VFD Top Drive System Consumption by Country (2018-2023) & (Units)
Table 43. Latin America, Middle East & Africa AC VFD Top Drive System Consumption by Country (2024-2029) & (Units)
Table 44. Global AC VFD Top Drive System Production (Units) by Type (2018-2023)
Table 45. Global AC VFD Top Drive System Production (Units) by Type (2024-2029)
Table 46. Global AC VFD Top Drive System Production Market Share by Type (2018-2023)
Table 47. Global AC VFD Top Drive System Production Market Share by Type (2024-2029)
Table 48. Global AC VFD Top Drive System Production Value (US$ Million) by Type (2018-2023)
Table 49. Global AC VFD Top Drive System Production Value (US$ Million) by Type (2024-2029)
Table 50. Global AC VFD Top Drive System Production Value Share by Type (2018-2023)
Table 51. Global AC VFD Top Drive System Production Value Share by Type (2024-2029)
Table 52. Global AC VFD Top Drive System Price (K US$/Unit) by Type (2018-2023)
Table 53. Global AC VFD Top Drive System Price (K US$/Unit) by Type (2024-2029)
Table 54. Global AC VFD Top Drive System Production (Units) by Application (2018-2023)
Table 55. Global AC VFD Top Drive System Production (Units) by Application (2024-2029)
Table 56. Global AC VFD Top Drive System Production Market Share by Application (2018-2023)
Table 57. Global AC VFD Top Drive System Production Market Share by Application (2024-2029)
Table 58. Global AC VFD Top Drive System Production Value (US$ Million) by Application (2018-2023)
Table 59. Global AC VFD Top Drive System Production Value (US$ Million) by Application (2024-2029)
Table 60. Global AC VFD Top Drive System Production Value Share by Application (2018-2023)
Table 61. Global AC VFD Top Drive System Production Value Share by Application (2024-2029)
Table 62. Global AC VFD Top Drive System Price (K US$/Unit) by Application (2018-2023)
Table 63. Global AC VFD Top Drive System Price (K US$/Unit) by Application (2024-2029)
Table 64. Ganergy Heavy Industry AC VFD Top Drive System Corporation Information
Table 65. Ganergy Heavy Industry Specification and Application
Table 66. Ganergy Heavy Industry AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 67. Ganergy Heavy Industry Main Business and Markets Served
Table 68. Ganergy Heavy Industry Recent Developments/Updates
Table 69. ZPEC AC VFD Top Drive System Corporation Information
Table 70. ZPEC Specification and Application
Table 71. ZPEC AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 72. ZPEC Main Business and Markets Served
Table 73. ZPEC Recent Developments/Updates
Table 74. Beijing BOMCO Offshore Engineering Technology AC VFD Top Drive System Corporation Information
Table 75. Beijing BOMCO Offshore Engineering Technology Specification and Application
Table 76. Beijing BOMCO Offshore Engineering Technology AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 77. Beijing BOMCO Offshore Engineering Technology Main Business and Markets Served
Table 78. Beijing BOMCO Offshore Engineering Technology Recent Developments/Updates
Table 79. NOV AC VFD Top Drive System Corporation Information
Table 80. NOV Specification and Application
Table 81. NOV AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 82. NOV Main Business and Markets Served
Table 83. NOV Recent Developments/Updates
Table 84. Bentec AC VFD Top Drive System Corporation Information
Table 85. Bentec Specification and Application
Table 86. Bentec AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 87. Bentec Main Business and Markets Served
Table 88. Bentec Recent Developments/Updates
Table 89. SLB AC VFD Top Drive System Corporation Information
Table 90. SLB Specification and Application
Table 91. SLB AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 92. SLB Main Business and Markets Served
Table 93. SLB Recent Developments/Updates
Table 94. Drillmec AC VFD Top Drive System Corporation Information
Table 95. Drillmec Specification and Application
Table 96. Drillmec AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 97. Drillmec Main Business and Markets Served
Table 98. Drillmec Recent Developments/Updates
Table 99. TPEC AC VFD Top Drive System Corporation Information
Table 100. TPEC Specification and Application
Table 101. TPEC AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 102. TPEC Main Business and Markets Served
Table 103. TPEC Recent Developments/Updates
Table 104. Nabors Industries AC VFD Top Drive System Corporation Information
Table 105. Nabors Industries Specification and Application
Table 106. Nabors Industries AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 107. Nabors Industries Main Business and Markets Served
Table 108. Nabors Industries Recent Developments/Updates
Table 109. AXON Energy Services AC VFD Top Drive System Corporation Information
Table 110. AXON Energy Services Specification and Application
Table 111. AXON Energy Services AC VFD Top Drive System Production (Units), Value (US$ Million), Price (K US$/Unit) and Gross Margin (2018-2023)
Table 112. AXON Energy Services Main Business and Markets Served
Table 113. AXON Energy Services Recent Developments/Updates
Table 114. Key Raw Materials Lists
Table 115. Raw Materials Key Suppliers Lists
Table 116. AC VFD Top Drive System Distributors List
Table 117. AC VFD Top Drive System Customers List
Table 118. AC VFD Top Drive System Market Trends
Table 119. AC VFD Top Drive System Market Drivers
Table 120. AC VFD Top Drive System Market Challenges
Table 121. AC VFD Top Drive System Market Restraints
Table 122. Research Programs/Design for This Report
Table 123. Key Data Information from Secondary Sources
Table 124. Key Data Information from Primary Sources
List of Figures
Figure 1. Product Picture of AC VFD Top Drive System
Figure 2. Global AC VFD Top Drive System Market Value by Type, (US$ Million) & (2022 VS 2029)
Figure 3. Global AC VFD Top Drive System Market Share by Type: 2022 VS 2029
Figure 4. Nominal Drilling Depth: below 5000m Product Picture
Figure 5. Nominal Drilling Depth: 5000m-10000m Product Picture
Figure 6. Nominal Drilling Depth: above 10000m Product Picture
Figure 7. Global AC VFD Top Drive System Market Value by Application, (US$ Million) & (2022 VS 2029)
Figure 8. Global AC VFD Top Drive System Market Share by Application: 2022 VS 2029
Figure 9. Onshore Drilling
Figure 10. Offshore Drilling
Figure 11. Global AC VFD Top Drive System Production Value (US$ Million), 2018 VS 2022 VS 2029
Figure 12. Global AC VFD Top Drive System Production Value (US$ Million) & (2018-2029)
Figure 13. Global AC VFD Top Drive System Production (Units) & (2018-2029)
Figure 14. Global AC VFD Top Drive System Average Price (K US$/Unit) & (2018-2029)
Figure 15. AC VFD Top Drive System Report Years Considered
Figure 16. AC VFD Top Drive System Production Share by Manufacturers in 2022
Figure 17. AC VFD Top Drive System Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2018 VS 2022
Figure 18. The Global 5 and 10 Largest Players: Market Share by AC VFD Top Drive System Revenue in 2022
Figure 19. Global AC VFD Top Drive System Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)
Figure 20. Global AC VFD Top Drive System Production Value Market Share by Region: 2018 VS 2022 VS 2029
Figure 21. Global AC VFD Top Drive System Production Comparison by Region: 2018 VS 2022 VS 2029 (Units)
Figure 22. Global AC VFD Top Drive System Production Market Share by Region: 2018 VS 2022 VS 2029
Figure 23. North America AC VFD Top Drive System Production Value (US$ Million) Growth Rate (2018-2029)
Figure 24. Europe AC VFD Top Drive System Production Value (US$ Million) Growth Rate (2018-2029)
Figure 25. China AC VFD Top Drive System Production Value (US$ Million) Growth Rate (2018-2029)
Figure 26. Japan AC VFD Top Drive System Production Value (US$ Million) Growth Rate (2018-2029)
Figure 27. Global AC VFD Top Drive System Consumption by Region: 2018 VS 2022 VS 2029 (Units)
Figure 28. Global AC VFD Top Drive System Consumption Market Share by Region: 2018 VS 2022 VS 2029
Figure 29. North America AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 30. North America AC VFD Top Drive System Consumption Market Share by Country (2018-2029)
Figure 31. Canada AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 32. U.S. AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 33. Europe AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 34. Europe AC VFD Top Drive System Consumption Market Share by Country (2018-2029)
Figure 35. Germany AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 36. France AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 37. U.K. AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 38. Italy AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 39. Russia AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 40. Asia Pacific AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 41. Asia Pacific AC VFD Top Drive System Consumption Market Share by Regions (2018-2029)
Figure 42. China AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 43. Japan AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 44. South Korea AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 45. China Taiwan AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 46. Southeast Asia AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 47. India AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 48. Latin America, Middle East & Africa AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 49. Latin America, Middle East & Africa AC VFD Top Drive System Consumption Market Share by Country (2018-2029)
Figure 50. Mexico AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 51. Brazil AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 52. Turkey AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 53. GCC Countries AC VFD Top Drive System Consumption and Growth Rate (2018-2023) & (Units)
Figure 54. Global Production Market Share of AC VFD Top Drive System by Type (2018-2029)
Figure 55. Global Production Value Market Share of AC VFD Top Drive System by Type (2018-2029)
Figure 56. Global AC VFD Top Drive System Price (K US$/Unit) by Type (2018-2029)
Figure 57. Global Production Market Share of AC VFD Top Drive System by Application (2018-2029)
Figure 58. Global Production Value Market Share of AC VFD Top Drive System by Application (2018-2029)
Figure 59. Global AC VFD Top Drive System Price (K US$/Unit) by Application (2018-2029)
Figure 60. AC VFD Top Drive System Value Chain
Figure 61. AC VFD Top Drive System Production Process
Figure 62. Channels of Distribution (Direct Vs Distribution)
Figure 63. Distributors Profiles
Figure 64. Bottom-up and Top-down Approaches for This Report
Figure 65. Data Triangulation

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